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Information
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As a buy-to-let
landlord it’s essential to protect your investment by insuring its
buildings and contents. While traditional home insurance may still cover
you, there are extra risks involved when tenants are occupying a
property, which means you may want to consider getting specialist
landlord’s insurance.
When you’re letting a property that was your home, it’s vital to inform your existing insurer you are doing so or your policy could be null and void. Your insurer may be fine with this, although it may want your tenants to meet certain criteria, and may offer you the same cover for the same premium. “If your existing insurer says it will cost more, look around for another policy,” advises Malcolm Harrison, spokesman for the Association of Residential Letting Agents. |
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